economy
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The International Energy Agency releases 400 million barrels of oil to the markets
In a historic move, the International Energy Agency announced the release of 400 million barrels from its strategic reserves to counter the repercussions of the closure of the Strait of Hormuz…
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Presidential directives to pay outstanding dues to petroleum companies in Egypt
Learn about the details of the presidential directives in Egypt to pay the dues owed to foreign oil companies, and to localize drilling technology to increase production and reduce the import bill.
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Federation of Chambers to Transport Investors: Increase your readiness to meet expected demand
The Federation of Saudi Chambers called on entities operating in the transportation sector to raise their level of preparedness and enhance operational readiness, given the current circumstances…
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Germany limits gasoline price increases to once a day to combat the crisis
Learn about Germany's urgent plan to limit gasoline price increases to once a day, and details of the historic drawdown of global oil reserves to address the crisis…
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3 new requirements for clearing maritime shipments in Saudi ports
Learn about the three new requirements that the Ports Authority has imposed on shipping agents for clearing maritime shipments starting in 2026 to expedite operations…
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Trump announces the launch of the first new US oil refinery in 50 years
Donald Trump announced plans to build the first new US oil refinery in half a century in Texas, with backing from India's Reliance Industries…
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The International Energy Agency proposes pumping 400 million barrels of oil
The International Energy Agency is considering the largest release of emergency oil reserves by 400 million barrels to curb soaring energy prices caused by tensions…
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G7 meeting to discuss the implications of tensions in Iran
The G7 is holding an emergency meeting chaired by Macron to discuss the economic repercussions of a war in Iran and to explore the use of strategic oil reserves to stabilize markets.
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Oil price forecast: Brent crude above $95
Find out about the latest global oil price forecasts, where the US administration predicts Brent crude will remain above $95 a barrel amid tensions…
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Aluminum prices hit a four-year high due to tensions
Learn about the reasons behind aluminum prices reaching a four-year high and the impact of tensions in the Middle East and the Strait of Hormuz on supply chains…
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